Which of the following represents the correct sequence of the phase model of globalization?
A)Exporting; wholly owned affiliates; cooperative contracts; strategic alliances
B)Exporting; direct investment; strategic alliances; job ventures
C)Exporting; cooperative contracts; strategic alliances; wholly owned affiliates
D)Exporting; strategic alliances; cooperative contracts; wholly owned affiliates
E)Exporting; job ventures; strategic alliances; direct investment

Question

Quizplus · Accepted Answer

The correct sequence of the phase model of globalization starts with exporting, as it represents the initial, least complex form of international business. Next, firms often enter into cooperative contracts (like franchising or licensing) to expand their international presence with lower risk. Strategic alliances, including joint ventures, come next as firms seek deeper, more integrated partnerships abroad. Finally, establishing wholly owned affiliates represents the most significant commitment to a foreign market, indicating a high level of control and investment.

Which of the Following Represents the Correct Sequence of the Phase